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Side-by-side financial comparison of MGIC INVESTMENT CORP (MTG) and Orion Group Holdings Inc (ORN). Click either name above to swap in a different company.

MGIC INVESTMENT CORP is the larger business by last-quarter revenue ($297.1M vs $216.3M, roughly 1.4× Orion Group Holdings Inc). MGIC INVESTMENT CORP runs the higher net margin — 55.6% vs 2.2%, a 53.5% gap on every dollar of revenue. On growth, Orion Group Holdings Inc posted the faster year-over-year revenue change (14.6% vs -3.0%). Over the past eight quarters, Orion Group Holdings Inc's revenue compounded faster (6.1% CAGR vs -1.4%).

MGIC Investment Corporation NYSE: MTG ("MGIC") is a provider of private mortgage insurance in the United States. The company is headquartered in Milwaukee, Wisconsin.

Orion Corporation, founded in 1917 and headquartered at Espoo, Finland, is a globally operating Finnish company which develops, manufactures and markets human and veterinary pharmaceuticals and active pharmaceutical ingredients for global markets. All of the company's manufacturing sites and the majority of its R&D units are in Finland.

MTG vs ORN — Head-to-Head

Bigger by revenue
MTG
MTG
1.4× larger
MTG
$297.1M
$216.3M
ORN
Growing faster (revenue YoY)
ORN
ORN
+17.6% gap
ORN
14.6%
-3.0%
MTG
Higher net margin
MTG
MTG
53.5% more per $
MTG
55.6%
2.2%
ORN
Faster 2-yr revenue CAGR
ORN
ORN
Annualised
ORN
6.1%
-1.4%
MTG

Income Statement — Q1 FY2026 vs Q1 FY2026

Metric
MTG
MTG
ORN
ORN
Revenue
$297.1M
$216.3M
Net Profit
$165.3M
$4.7M
Gross Margin
12.0%
Operating Margin
Net Margin
55.6%
2.2%
Revenue YoY
-3.0%
14.6%
Net Profit YoY
-10.9%
435.7%
EPS (diluted)
$0.76
$0.12

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
MTG
MTG
ORN
ORN
Q1 26
$297.1M
$216.3M
Q4 25
$298.7M
$233.2M
Q3 25
$304.5M
$225.1M
Q2 25
$304.2M
$205.3M
Q1 25
$306.2M
$188.7M
Q4 24
$301.4M
$216.9M
Q3 24
$306.6M
$226.7M
Q2 24
$305.3M
$192.2M
Net Profit
MTG
MTG
ORN
ORN
Q1 26
$165.3M
$4.7M
Q4 25
$169.3M
$-240.0K
Q3 25
$191.1M
$3.3M
Q2 25
$192.5M
$841.0K
Q1 25
$185.5M
$-1.4M
Q4 24
$184.7M
$6.8M
Q3 24
$200.0M
$4.3M
Q2 24
$204.2M
$-6.6M
Gross Margin
MTG
MTG
ORN
ORN
Q1 26
12.0%
Q4 25
11.6%
Q3 25
13.2%
Q2 25
12.6%
Q1 25
12.2%
Q4 24
14.0%
Q3 24
11.9%
Q2 24
9.5%
Operating Margin
MTG
MTG
ORN
ORN
Q1 26
Q4 25
71.2%
2.2%
Q3 25
77.2%
2.4%
Q2 25
80.9%
1.7%
Q1 25
76.6%
0.4%
Q4 24
77.9%
4.4%
Q3 24
82.9%
3.4%
Q2 24
85.1%
-1.4%
Net Margin
MTG
MTG
ORN
ORN
Q1 26
55.6%
2.2%
Q4 25
56.7%
-0.1%
Q3 25
62.8%
1.5%
Q2 25
63.3%
0.4%
Q1 25
60.6%
-0.7%
Q4 24
61.3%
3.1%
Q3 24
65.2%
1.9%
Q2 24
66.9%
-3.4%
EPS (diluted)
MTG
MTG
ORN
ORN
Q1 26
$0.76
$0.12
Q4 25
$0.75
$-0.00
Q3 25
$0.83
$0.08
Q2 25
$0.81
$0.02
Q1 25
$0.75
$-0.04
Q4 24
$0.71
$0.22
Q3 24
$0.77
$0.12
Q2 24
$0.77
$-0.20

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
MTG
MTG
ORN
ORN
Cash + ST InvestmentsLiquidity on hand
$235.1M
$6.3M
Total DebtLower is stronger
Stockholders' EquityBook value
$5.0B
$166.7M
Total Assets
$6.4B
$478.7M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
MTG
MTG
ORN
ORN
Q1 26
$235.1M
$6.3M
Q4 25
$369.0M
$1.6M
Q3 25
$266.9M
$4.9M
Q2 25
$294.9M
$1.7M
Q1 25
$207.0M
$13.0M
Q4 24
$229.5M
$28.3M
Q3 24
$288.6M
$28.3M
Q2 24
$281.8M
$4.8M
Total Debt
MTG
MTG
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
$33.4M
Q1 25
$23.3M
Q4 24
$23.2M
Q3 24
$28.0M
Q2 24
$60.3M
Stockholders' Equity
MTG
MTG
ORN
ORN
Q1 26
$5.0B
$166.7M
Q4 25
$5.1B
$159.0M
Q3 25
$5.2B
$157.9M
Q2 25
$5.2B
$153.2M
Q1 25
$5.1B
$150.8M
Q4 24
$5.2B
$150.7M
Q3 24
$5.3B
$142.4M
Q2 24
$5.1B
$111.1M
Total Assets
MTG
MTG
ORN
ORN
Q1 26
$6.4B
$478.7M
Q4 25
$6.6B
$414.7M
Q3 25
$6.6B
$422.4M
Q2 25
$6.5B
$432.7M
Q1 25
$6.5B
$416.3M
Q4 24
$6.5B
$417.3M
Q3 24
$6.7B
$430.3M
Q2 24
$6.5B
$414.0M
Debt / Equity
MTG
MTG
ORN
ORN
Q1 26
Q4 25
Q3 25
Q2 25
0.22×
Q1 25
0.15×
Q4 24
0.15×
Q3 24
0.20×
Q2 24
0.54×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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